Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: Bybit against Gate−0.136%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$800.801% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 7 days+0.084%+$8 · spread now −0.136%, 7d avg −0.029%

Together, before fees+0.171%+$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.107% cheaper against Gate than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TIA_USDT	0.4417	0.0100	pay 0.0050% / 4h	2h 00m	$993K	$1.8M	75x
Short	Bybit TIAUSDT	0.4411	0.0100	get 0.0050% / 4h	2h 00m	$9.6M	$13.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BybitbpOrdersPrice spread, now −0.136%Rate

Funding earned: $0
Price spread: −0.136% → −0.029%: −$10.65
Slippage, 4 orders: −$54.06
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$90.71
Costs to cover: 0.801%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Bybit: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 2 min ago	4.54 bp	23.6 bp −$24	60.6 bp −$606	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.41 bp	14.5 bp −$14	36.4 bp −$364	212.6 bp −$21.3K	doesn't fit

TIA on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TIA-USDT-SWAP	−0.0019%	4h	0.4411	−0.136%	$2.8M	$6.1M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0003%	1h	0.4414	−0.074%	$361K	$212K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4414	−0.068%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4413	−0.091%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0016%	4h	0.4412	−0.113%	$4.2M	$8.9M	50x	as long as short
ApeX Omni TIAUSDT	+0.0055%	1h	0.4409	−0.181%	$50K	$233K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4422	+0.120%	$157K	$409K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4411	−0.136%	$5K	$317K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4422	+0.118%	$4.7M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4415	−0.042%	$32K	$244K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4416	−0.032%	$14.4M	$42.5M	75x	as long as short
Bybit TIAUSDTshort	+0.0100%	4h	0.4411	−0.136%	$9.6M	$13.1M	50x
Gate TIA_USDTlong	+0.0100%	4h	0.4417	long leg	$993K	$1.8M	75x
MEXC TIA_USDT	+0.0100%	4h	0.4416	−0.023%	$12.4M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4415	−0.045%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4414	−0.068%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4416	−0.027%	$102K	$153K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4409	−0.187%	$103K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4414	−0.068%	$59K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4413	−0.092%	$42K	$198K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4413	−0.079%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4406	−0.241%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0189%	1h	0.4403	−0.317%	$52K	$199	10x	as long as short
Injective TIA/USDC PERP	+0.0266%	1h	0.4411	−0.136%	$27K	$10K	12x	as long as short
Coinbase International TIA-PERP-INTX	+0.0304%	1h	0.4415	−0.045%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0477% / S −0.1105%	1h	0.4414	−0.076%	$40K	—	100x	as long as short